Private sector development in Southern Africa region gets boost with approval of $30 million loan to #Botswana-based impact investor, Norsad Capital, from the African Development Bank Group.
The funds will be used to finance agro-processing, #healthcare, financial services, manufacturing, information & communication technology and education enterprises.
Norsad will channel a portion of the funding to enterprises operating in transition states within the region, and in support of inclusive growth. The expected outcome is #jobcreation for, among other groups, youth and women in the labor-intensive agro-processing and manufacturing sectors.
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